Keidis Industries will pay a dividend of $3.25, $4.35, and $5.55 per share for each of the next three years, respectively. In four years, you believe that the company will be acquired for $50.00 per share. The return on similar stocks is 11.5 percent. What is the current stock price?

a) $49.56

b) $42.77

c) $46.86

d) $58.26

e) $43.51